Overview
This is very urgent i only have one hour to solve two assignments the first should be done online and the second one here
first assignment
log in https://login.microsoftonline.com/d41fdab1-7e15-4c.. email [email protected] password newjersie
SECOND ASSIGNMEN
A life insurance company issues a policy to a 30-year-old individual with a face value of $100,000. The company assumes the following mortality rates (probability of death) at age 30:
- Probability of death at age 30: 0.0005
- Probability of survival to age 31: 0.9995
The annual premium for this policy is $1,200. What is the expected present value of the policy’s premium payments if the policyholder survives to age 31?
(Assume the interest rate is 5% per year, and the premium is paid at the beginning of each year.)